Royboyclaret wrote:Tell me a time in the recent history of the Club when we weren't a 'bit cautious'.
Last year when we needed to go that extra mile we failed to do so. As a result we will report an Operating Net Profit approaching £60m and to me that is unforgivable. BFC isn't a business that is required to make profits in order to pay a dividend to it's shareholders, any surplus funds should be used to strengthen the squad in order to allow Dyche the best opportunity to stay in the big league.
Hi Roy, are you sure about that figure? Seems on the high side for me. My "guestimate" is that wages (and related) employment costs in 2017/18 season will be of the order of £80 million. And, this figure will be rising again this season as the new contracts, plus new signings are expensed for a full year.
I feel that the board have been prepared to fund all the transfers, provided the deals were the right ones. Of course, there are many players who have wanted more than Burnley would pay, both transfer fees and wages (and/or maybe relegation clauses), and maybe some of the potential signinfs have preffered a more certain high fixed wage than a Burnley wage plus very good bonuses for "hitting the heights."
The difference between our board and that of other clubs is (1) more controlled budgeting - because they haven't got the wealth to bail the club out if things go wrong, (2) they know we are a club with a limited fan base, so tighter margins than the clubs based in areas with larger populations, (3) the board don't want to be the ones to make the mistakes that lets the club down and triggers a downwards spiral, so no pushing too close to the edge.
Anyway, just my views.